” FlyBMI [ NOT Flybe] collapses, blaming Brexit uncertainty

“The airline has faced several difficulties, including recent spikes in fuel and carbon costs, the latter arising from the EU’s recent decision to exclude UK airlines from full participation in the Emissions Trading Scheme. These issues have undermined efforts to move the airline into profit.

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around BMI’s ability to continue flying between destinations in Europe.

“Additionally, our situation mirrors wider difficulties in the regional airline industry which have been well documented.”

The company operates scheduled passenger services to 24 destinations, including Brussels, Leeds, Munich and Bristol using its fleet of 17 Embraer jets.

Passengers about to board a flight to Munich from Bristol were told their flight had been cancelled after they had checked in and the company’s planes that were in Brussels were called back.

Aircrew were told not to come to work and those due to be abroad for the weekend were flown back.”

https://www.theguardian.com/business/2019/feb/16/flybmi-collapses-blaming-brexit-uncertainty

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